GREY:GLNIF - Post by User
Comment by
TheRock07on Jul 28, 2011 10:07am
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Post# 18882461
RE: Record sales and earnings in Q2
RE: Record sales and earnings in Q2These are record and blow-out earnings and sales for Q2.
Financial highlites include........
.......................sales grew 75 % to $138 million
......................Ebitda increased 67 % from $7.7 million to $12.5 million
......................net income increased 71 % to
.29 per share from
.17 per share in Q2 of 2010
....................sales for the first 6 months increased 69 % to $260 million
......................for the first 6 months, net income increased to
.53 from
.27 in 2010
These are superb results indeed.
Based on these results, Glentel should earn about $2 per share in 2011 which would predict a fair value in excess of $30 per share, at trailing p/e multiuples.
However, based on its dividend and the fact that growth rate is now in excess of 50 %, the market could assign a much higher valuation multiple